Segment information (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Information about Company's Segments

Information about the Company’s segments is presented in the following table:

	Three months ended June 30
	2016								2015
	Total revenues(a)		Inter- segment revenues			Net income (loss)			Total revenues(a)		Inter- segment revenues			Net income (loss)
	(in thousands)
Business Banking	$	114,360		1,197			22,747			111,131		1,122			25,354
Commercial Banking		265,481		911			105,392			257,257		1,099			108,081
Commercial Real Estate		192,175		449			84,088			185,410		427			82,598
Discretionary Portfolio		98,460		(14,608	)		46,225			20,477		(5,376	)		10,756
Residential Mortgage Banking		103,882		21,244			19,980			105,568		12,436			24,852
Retail Banking		345,665		3,132			71,497			305,573		3,259			68,806
All Other		192,050		(12,325	)		(13,898	)		194,739		(12,967	)		(33,759	)
Total	$	1,312,073		—			336,031			1,180,155		—			286,688
	Six months ended June 30
	2016								2015
	Total revenues(a)		Inter- segment revenues			Net income (loss)			Total revenues(a)		Inter- segment revenues			Net income (loss)
	(in thousands)
Business Banking	$	228,049		2,188			48,195			219,691		2,167			50,165
Commercial Banking		519,098		1,967			206,719			503,838		2,184			204,504
Commercial Real Estate		369,555		836			164,617			354,431		509			165,189
Discretionary Portfolio		209,804		(28,931	)		100,749			35,951		(10,819	)		16,710
Residential Mortgage Banking		200,817		40,904			37,057			211,325		23,823			54,312
Retail Banking		684,711		6,146			134,785			605,964		6,396			137,694
All Other		392,936		(23,110	)		(57,563	)		348,746		(24,260	)		(100,273	)
Total	$	2,604,970		—			634,559			2,279,946		—			528,301

	Average total assets
	Six months ended June 30					Year ended December 31 2015
	2016		2015
	(in millions)
Business Banking	$	5,440		5,313			5,339
Commercial Banking		25,195		23,997			24,143
Commercial Real Estate		20,116		18,514	(b)		18,827
Discretionary Portfolio		41,900		23,029			26,648
Residential Mortgage Banking		2,587		3,090	(b)		2,918
Retail Banking		11,640		10,830			11,035
All Other		16,601		11,977			12,870
Total	$	123,479		96,750			101,780

(a) Total revenues are comprised of net interest income and other income. Net interest income is the difference between taxable-equivalent interest earned on assets and interest paid on liabilities owed by a segment and a funding charge (credit) based on the Company’s internal funds transfer pricing and allocation methodology. Segments are charged a cost to fund any assets (e.g. loans) and are paid a funding credit for any funds provided (e.g. deposits). The taxable-equivalent adjustment aggregated $6,522,000 and $6,020,000 for the three-month periods ended June 30, 2016 and 2015, respectively, and $12,854,000 and $11,858,000 for the six-month periods ended June 30, 2016 and 2015, respectively, and is eliminated in “All Other” total revenues. Intersegment revenues are included in total revenues of the reportable segments. The elimination of intersegment revenues is included in the determination of “All Other” total revenues.

(b) Average assets of the Commercial Real Estate and Residential Mortgage Banking segments for the six-month period ended June 30, 2015 differ by approximately $323 million from the previously reported balances reflecting the noted change in the Company’s internal profitability reporting to move a builder and developer lending unit from the Residential Mortgage Banking segment to the Commercial Real Estate segment.